Business multiple choice Quiz

Which document would be issued to a limited company giving it permission to trade?

• A Memorandum of association

• B Articles of association

• C Certificate of incorporation

• D Prospectus

Which item of information would be contained in the memorandum of association?

• A Rights of shareholders

• B Name of the company

• C Price of the shares to be issued

• D Procedures for appointing directors

Which of the following is a disadvantage of a private limited company?

• A Shareholders have limited liability

• B Owners have to share the profits with 'outsiders'

• C It can take time to transfer shares to a new owner

• D Control could be lost to 'outsiders'

Which of the following is an advantage of a sole trader?

• A Limited liability

• B More capital can be raised than a partnership

• C Unlimited liability

• D Independence for owners

Having a clear social and/or environmental mission is a feature of which business structure?

• A Franchise

• B Sole trader

• C Social enterprise

• D Partnership

A fast method of growth is a key advantage for which business structure?

• A Franchisor

• B Partnership

• C Franchisee

• D Social enterprise

Taking risk in business is a key role of which of the following?

• A Accountant

• B Entrepreneur

• C Company director

• D Marketing manager

Which of the following is an example of visible trade?

• A Banking products

• B Manufactured aircraft components

• C Tourism

• D Training services

Which of the following is an example of invisible trade?

• A Insurance

• B Machinery

• C Coal

• D Electronic components

Which of the following will improve the international competitiveness of a country?

• A €6700000

• B €5583333

• C €8040000

• D €1200000